Middle East Economy Watch

October 2017

A regular economic bulletin on the Middle East that builds on a range of publications we publish on the global economy and various countries and regions.

We are delighted to present PwC’s quarterly economic bulletin on the Middle East. It builds on a range of similar publications we publish on the global economy and various countries and regions. The goal is to present a few easily digestible insights that we hope will be of value for your business. We welcome any feedback on the kinds of topics you’d like to see us cover in the future.

 

2017 shows signs of improvement, but less than anticipated due to the oil market

There were high hopes that 2017 would be a turning point for oil exporting nations, as OPEC-led production cuts rebalanced the market. However, the results so far have been weaker than anticipated, limiting the gains in fiscal revenue and in turn restricting government expenditure capacity. This has been compounded by the decision in June to extend the producer action to March 2018, and a decision could be taken in November to continue it to June 2018 or even further.

In the meantime, political risk continues to weigh on the regional economy.

Contact us

Hani Ashkar
Middle East Senior Partner
Tel: +971 4 304 3100
Email

Stephen Anderson
Clients and Markets Leader
Tel: +971 4 304 3100
Email

Richard Boxshall
Middle East Senior Economist
Tel: +971 4 304 3100
Email

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